Liberty Media is on the move again, this time entering into a definitive agreement with fourth-ranked MSO Charter Communications to acquire nearly 27 million Charter shares and approximately 1.1 million warrants for some $2.6 billion, translating into an approximate 27.3-percent beneficial ownership in Charter and a $95.50 price per share. The investment funds are managed by, or affiliated with, Apollo Management, Oaktree Capital Management and Crestview Partners; Liberty says it expects to fund the purchase with cash on hand and new loan arrangements. The chairmen of both companies – John Malone and Eric Zinterhofer – both praised Charter (and Charter President/CEO Tom Rutledge) for its forward-looking strategy, market position and growth opportunities, and they characterize this investment as being part of the financial pathway to sustained future success. The shares/warrants deal should close sometime in the second quarter.

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Fifteen rising college juniors are set to get $20,000 scholarships each as part of the Spectrum Scholars program. It’s the fifth class since Charter introduced the program in 2020, having awarded $1.8

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